Skip to content
August 11, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Again, inflation takes a hit, drops in April – NBS report
  • Business & Economy

Again, inflation takes a hit, drops in April – NBS report

Admin May 16, 2017

The Consumer Price Index (CPI) which measure inflation declined by 0.02 per cent in April, the National Bureau of Statistics, NBS, said in data released on Tuesday.

The NBS in its new report put inflation rate at 17.24 percent,  showing a little decline from the 17.26 percent recorded in March .

This represents the third consecutive month of a decline in the headline CPI rate, indicating some easing in high food and non-food prices.

According to the report, the top items to have recorded the highest increases between April 2016 and 2017 across all the divisions were Solid Fuels, Bread and Cereals, Meat, Liquid Fuels, Clothing materials, other articles of clothing and clothing accessories, and Fish.

Between March and April 2017, however, the headline index increased by 1.60 per cent in April 2017, 0.12 per cent points lower than the rate recorded in March.

Similarly, between March and April 2017, the highest rise in prices were dominated by food items including coffee, tea and cocoa, potatoes, yam and tubers, bread and cereals, milk cheese and eggs and meat and fish.

The headline index, the report noted, is made up of the core index and farm produce items.

Similarly, the urban index rose by 1.61 per cent in April from 1.76 percent recorded in March, while the rural index rose by 1.59 percent in April from 1.69 percent in March.

The Composite Food Index rose by 19.30 per cent in April 2017.

Meanwhile, the food sub-index increased by 2.04 per cent in April, down by 0.17 per cent points from 2.21 per cent recorded in March.

The rise in the index was caused by increases in prices of bread, cereals, meat, fish, potatoes, yams and other tubers, coffee, tea and cocoa, milk cheese and eggs and oils and fats.

The average annual rate of change of the Food sub-index for the twelve-month period ending in April 2017 over the previous twelve-month average was 17.11 percent, 0.51 percent points from the average annual rate of change recorded in March (16.60) percent.

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Hackers hit Disney, demand ransom
Next 5 ways to protect your devices from Ransomware ‘pandemic’

Related Stories

Economy, policy measures and prospects, by Arize Nwobu
  • Business & Economy

Economy, policy measures and prospects, by Arize Nwobu

August 11, 2026
Nigeria produces 1m tons of mangoes annually, ranks 11th globally – NAMPPMAN
  • Business & Economy

Nigeria produces 1m tons of mangoes annually, ranks 11th globally – NAMPPMAN

August 10, 2026
We do not conduct oil licensing rounds – NNPCL; reports growth under Ojulari
  • Business & Economy

We do not conduct oil licensing rounds – NNPCL; reports growth under Ojulari

August 9, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Alayande, 23-year-old Law School student who jumped to her death left a suicide note: Sources
  • National News

Alayande, 23-year-old Law School student who jumped to her death left a suicide note: Sources

August 11, 2026
Economy, policy measures and prospects, by Arize Nwobu
  • Business & Economy

Economy, policy measures and prospects, by Arize Nwobu

August 11, 2026
NPC targets 8,000 centres for digital birth registration
  • National News

NPC targets 8,000 centres for digital birth registration

August 10, 2026
Rising Costs, Population Pressure Driving Need for Larger Lagos Budget — Hamzat
  • Metro News

Rising Costs, Population Pressure Driving Need for Larger Lagos Budget — Hamzat

August 10, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.